ADP data showed employment in Canada declined sharply in August. USD/CAD trades in the positive territory above 1.3200. Employment in Canada decreased by 205,400 July to August, the monthly data published by the ADP Research Institue revealed on Thursday. This reading missed the market expectation for an increase of 901,800 by a wide margin. Meanwhile, July’s print got revised from 1,149,800 to -523,000. Commenting on the data, “in August, the labour market posted a decline in employment with the greatest job losses in construction; trade, transportation and utilities; and manufacturing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Leisure and hospitality and finance, however, posted job gains for the first time since March 2020.” Market reaction The USD/CAD pair edged slightly higher with the initial reaction and was last seen gaining 0.25% on the day at 1.3209. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WH adviser Kudlow: Economic recovery does not depend on coronavirus relief FX Street 1 year ADP data showed employment in Canada declined sharply in August. USD/CAD trades in the positive territory above 1.3200. Employment in Canada decreased by 205,400 July to August, the monthly data published by the ADP Research Institue revealed on Thursday. This reading missed the market expectation for an increase of 901,800 by a wide margin. Meanwhile, July's print got revised from 1,149,800 to -523,000. Commenting on the data, “in August, the labour market posted a decline in employment with the greatest job losses in construction; trade, transportation and utilities; and manufacturing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Leisure… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
